Car Insurance Rates for an Acura RL in Memphis

The best way we recommend to find affordable quotes for Acura RL insurance is to annually compare prices from insurers who sell insurance in Memphis.

• Step 1: Get a basic knowledge of how companies price auto insurance and the modifications you can make to prevent expensive coverage. Many factors that cause rate increases like getting speeding tickets and a poor credit score can be amended by being financially responsible and driving safely.
• Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from a single company like Progressive or State Farm, while agents who are independent can quote prices for many different companies.
• Step 3: Compare the new rate quotes to your existing coverage to see if a cheaper rate is available in Memphis. If you can save some money and make a switch, make sure there is no lapse in coverage.
• Step 4: Tell your current company to cancel your existing policy. Submit a completed application and payment to the new company. Make sure you keep the new proof of insurance certificate in a readily accessible location in your vehicle.

A good piece of advice is to use identical deductibles and limits on each quote request and and to get quotes from all possible companies. Doing this ensures the most accurate price comparison and the most accurate and complete price analysis.

Unthinkable but true, over 70% of consumers have remained with the same car insurance company for four years or more, and approximately 38% of consumers have never even compared quotes to find cheap rates. The average driver in the U.S. could save 46.5% a year just by comparing rates, but they don’t believe the large savings they would see if they changed companies.

When shopping for Acura RL insurance in Memphis there are multiple ways to obtain and compare prices from local Memphis auto insurance companies. The quickest method to lower the rate you pay for insurance is to use the internet to compare rates. When price shopping your coverage, more quotes will enable you to find more affordable insurance. Not every company allows you to get Memphis RL insurance quotes online, so you should also compare price quotes from them, too.

The providers in the list below offer free rate quotes in Tennessee. To locate the cheapest car insurance in Tennessee, it’s highly recommended you visit several of them in order to find the most competitive rates.

Auto insurance statistics and figures

The coverage table below outlines a range of insurance rates for Acura RL models. Having insight into how auto insurance premiums are figured can help drivers make smart choices when purchasing an auto insurance policy.

Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Table data does not factor in your specific Memphis location which can revise premium rates significantly.

Higher deductibles lower rates

One of the most common auto insurance questions is how high should the deductibles for physical damage be. The rates shown below show how much more you’ll pay when you select higher and lower deductibles. The first rate comparisons uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in zip code location which can influence rates greatly.

We can derive from the above data that using a $250 deductible would cost the average driver about $16 more each month or $192 each year than requesting the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at least 16 months between claim filings, you would come out ahead if you opt for a higher deductible.

The diagram below demonstrates how deductibles and can influence Acura RL insurance rates for different age categories. The data assumes a single female driver, full physical damage coverage, and no discounts are factored in.

Buying the right vehicle insurance in Tennessee is an important decision

Even though Memphis RL insurance rates can get expensive, car insurance is most likely required but also gives you several important benefits.

• Just about all states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability in order to drive the car legally. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you have a lien on your Acura, more than likely the lender will require you to have comprehensive coverage to protect their interest in the vehicle. If you default on your policy, the bank may buy a policy for your Acura for a much higher rate and force you to pay the higher premium.
• Car insurance protects both your assets and your Acura RL. Insurance will also pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If your car is damaged in a storm or accident, your policy will pay to have it repaired.

The benefits of having car insurance outweigh the cost, especially if you ever need it. The average driver in Tennessee is overpaying more than $750 every year so compare rate quotes each time the policy renews to ensure rates are competitive.

Get Cheap Insurance Premiums by Understanding These Factors

Many factors are part of the calculation when you get your auto insurance bill. A few of the factors are predictable like a motor vehicle report, although others are more transparent such as whether you are married and annual miles driven. One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that go into determining your policy premiums. If you have a feel for what impacts premium levels, this enables you to make decisions that could result in much lower annual insurance costs.

Deter theft and pay less – Selecting a car model that has an advanced theft prevention system can help lower your rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent auto theft and help lower rates.

Incidental coverages that aren’t used – There are a ton of additional extra coverages that may not really be needed if you aren’t diligent. Add-on coverages like personal injury protection, better glass coverage, and motor club memberships are some examples. They may seem good at first, but your money might be better spent on other coverage so get rid of them and save.

See if your company offers a multi-policy discount – Many insurers allow discounts to policyholders that buy multiple policies, otherwise known as a multi-policy discount. Even if you’re getting this discount consumers should still compare other company rates to verify if the discount is saving money.

Liability insurance limits should be high – Your auto insurance policy’s liability coverage provides coverage in the event that a court rules you are at fault for personal injury or accident damage. Your policy’s liability insurance provides legal defense coverage which can cost a lot. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not cut corners here.

Lower premiums for cars with good safety ratings – Cars with high safety ratings get lower rates. Vehicles engineered for safety reduce the chance of injuries and any reduction in injury severity translates directly to fewer claims and thus lower rates. If your Acura RL scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.

Teenage drivers cost more – Mature drivers have been proven to be more responsible, statistically cause fewer accidents, and usually have better credit. Teenage drivers have a tendency to be careless and easily distracted behind the wheel and because of this, their auto insurance rates are much higher.

The next chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

The higher your credit history the lower your premiums – Having a bad credit rating is likely to be a major factor in determining premium rates. So if your credit rating is low, you could save money insuring your Acura RL if you improve your credit rating. People with excellent credit tend to be better drivers and file fewer claims than those with lower credit scores.

Lower rates for married couples – Being married can actually save you money on your auto insurance bill. Marriage means you’re less irresponsible and statistics prove drivers who are married are more cautious.

Loss probability for an Acura RL – Insurance companies factor in historical loss data when they file their rates in each state. Vehicles that the data determines to have a trend towards higher claims will cost more for coverage. The table below illustrates the compiled insurance loss statistics for Acura RL vehicles.

For each policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is represented as 100. Values that are below 100 mean the vehicle has better than average losses, while values that are 100 or greater point to more claims or statistically larger claims.

Tailor your auto insurance coverage to you

When buying the right insurance coverage, there is no cookie cutter policy. Everyone’s situation is a little different and your auto insurance should unique, too.
Here are some questions about coverages that could help you determine if you could use an agent’s help.

• Do I have coverage if I rent a car in Mexico?
• Does liability extend to a camper or trailer?
• Is my babysitter covered when using my vehicle?
• Should I buy additional glass protection?
• How high should my medical payments coverage be?
• Is my custom stereo system covered?
• Does my Acura RL need full coverage?
• Does rental coverage apply when I am renting a car?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Quote. Compare. Save.

Lower-priced Acura RL insurance in Memphis can be bought online and also from your neighborhood Memphis agents, so you should compare both to have the best chance of lowering rates. Some car insurance companies don’t offer online rate quotes and many times these regional insurance providers provide coverage only through local independent agents.

Throughout this article, we presented many ideas to compare Acura RL insurance rates in Memphis. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced car insurance comes from some of the lesser-known companies. Regional companies often have lower auto insurance rates on specific markets than their larger competitors like State Farm or Progressive.

Additional car insurance information is available at the links below

• Understanding Your Insurance Deductible (Insurance Information Institute)
• What Auto Insurance is Cheapest for Low Credit Scores in Memphis? (FAQ)
• How Much are Auto Insurance Rates for a Ford Escape in Memphis? (FAQ)
• Who Has Cheap Memphis Car Insurance Rates for Nurses? (FAQ)
• Who Has Affordable Auto Insurance for Teenage Females in Memphis? (FAQ)
• Event Data Recorders FAQ (iihs.org)
• Safety Belts FAQ (iihs.org)